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807 N Main St,  Lodi,  WI  53555 $275,000 Sold
807 N Main St,  Lodi,  WI  53555
$275,000
Sold
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 Property Type Business/Commercial
 Parcel # 185.E
 County Columbia
 Sub Area B17
 Municipality Lodi
 MLS# 1780405
 Listing Date 06/24/2016
 Sold Price $185,000
 Close Date 08/09/2018 12:00 AM

MLS Public Remarks  REDUCED $75,000! Motivated seller! Great Commercial Building on Lodi's Main Street Which Currently has One Well- Established Business That Has Been A Long Term Tenant - Subway Restaurant! Nice Location Sharing Parking Lot With the Town's Main Grocery Store. Lots of Traffic Driving by This Building! Perfect Opportunity To Make Part of the Space Your Own and Earn Extra Income With A Successful Tenant!
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Lodi
  • C/T/V  City
  • Unit #  
  • Directions  From The Intersection Of Hwy 60 & Hwy 113 Take Hwy 113 North To Property.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $10
  • Total Units/Bldg  2
  • Building Gross SqFt  2,700
  • Net Leasable SqFt  2,700
  • Year Built  1995
  • Source for Year Built  Appr
  • Approx Bldg Dimen  30 x 90
  • Street Frontage  50
  • Parking Fees/Mo.  $0
  • Onsite Parking  10
  • # of Stories  1
  • Ceiling Height Min  9
  • Ceiling Height Max  9
  • Number of Loading Docks  0
  • Zoning  C-2
  • Est. Total Acres  0.53
  • Source Of Est Acres  
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $75,300
  • Assessment Year  0
  • Net Taxes  $7,102
  • Tax Year  2017
  • Improvements  $230,400
  • Total Assessment  $0
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $2,015
  • Gross Operating Income  $34,714
  • Annual Operating Exp  $8,373
  • Net Operating Income  $26,341
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Yearly 08/31/2016 Yes $9,300 $10 $0 900
    2 Yearly 09/30/2015 Yes $26,004 $14 $0 1,800
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  Natural gas
  • Seating Capacity  11-20 persons
    • EXTERIOR FEATURES  
  • Type   Mixed use, Retail
  • Exterior Treatment  
  • Building Parking  6-10 spaces, Onsite, Paved
  • Roofing  Metal
  • Terms/Option  Land contract, Seller first, Seller second
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Lease(s), Property Condition Report
  • Location  Free standing, Near Major Highway, Shopping center
  • Tenant Pays  Air Conditioning, Electric, Heat, Janitorial, Sewer, Snow removal, Trash Services, Water
  • Present Use  Restaurant/Supper Club, Service
  • Licenses  None
  • Lease Type  Mixed lease types
  • Occupied by  
  • Sale Includes  Lease(s)
  • Features  Private Restrooms



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Nth Degree Real Estate